Correction to M1 Trading Strategy
[M1] Trading by Xard777
### M1 Trading Strategy: Trading off Arrow Dots
#### General Trading Rules
1. **Trading off the Blue Up Arrow**
- **Primary Signal:** When a Blue Up Arrow appears:
- **Primary Action:** Buy at the appearance of the Blue Dot 2.
- **Exit Strategy:** Hold the trade until you see a Red Down Arrow Dot.
2. **Trading off the Red Down Arrow**
- **Primary Signal:** When a Red Down Arrow appears:
- **Primary Action:** Sell at the appearance of the Pink Dot 2.
- **Exit Strategy:** Hold the trade until you see a Blue Up Arrow Dot.
#### Handling Absence of Primary Dots
As it is uncertain if a Blue Dot 2 or Pink Dot 2 will appear, initiate a FOMO (Fear Of Missing Out) trade based on the Mini Dot 2 and follow these guidelines:
1. **After a Blue Up Arrow Appears:**
- **Initiate Trade:** Buy at the appearance of the Green Mini Dot 2 after price has crossed ABOVE the EMA 200 line.
- **Exit Strategy:** Hold the trade until the Pink Dot appears. If Pink Dot does not appear, hold until the next Red Down Arrow Dot.
2. **After a Red Down Arrow Appears:**
- **Initiate Trade:** Sell at the appearance of the Red Mini Dot 2 after rice has crossed BELOW the EMA 200 line.
- **Exit Strategy:** Hold the trade until the Blue Dot appears. If Blue Dot does not appear, hold until the next Blue Up Arrow Dot.
#### Additional Trading Rule
If Blue Dot 2 or Pink Dot 2 appears, utilize the opportunity to enhance your position:
1. **Blue Dot 2 Appears:**
- **Action:** Buy up to three Blue Dot 2s.
- **Exit Strategy:** Hold these positions until the next Red Down Arrow Dot.
2. **Pink Dot 2 Appears:**
- **Action:** Sell up to three Pink Dot 2s.
- **Exit Strategy:** Hold these positions until the next Blue Up Arrow Dot.
### Summary
- **Blue Up Arrow Initiates Buy Actions**
- **Main Action:** Buy at Green Mini Dot 2 after price has crossed ABOVE EMA 200 line→ Exit at Pink Dot.
If Pink Dot does not appear, exit at the next Red Down Arrow Dot.
- **Additional:** If Blue Dot 2 appears, buy up to three Blue Dot 2s and hold until the next Red Down Arrow Dot.
- **Red Down Arrow Initiates Sell Actions**
- **Main Action:** Sell at Red Mini Dot 2 after price has crossed BELOW EMA 200 line→ Exit at Blue Dot.
If Blue Dot does not appear, exit at the next Blue Up Arrow Dot.
- **Additional:** If Pink Dot 2 appears, sell up to three Pink Dot 2s and hold until the next Blue Up Arrow Dot.
This strategy ensures FOMO trade initiation and maximizes opportunities when primary signals (Blue Dot 2 or Pink Dot 2) appear, with clear exit strategies in place.
I hope this clarifies the strategy and provides clear, actionable steps to help you navigate the market with confidence and work towards sustaining and growing your wealth.
Xard777
Attachments forums
Re: XARD - Simple Trend Following Trading System
xard777, Sun Sep 08, 2024 9:13 am